Question

Garima goes to 'State Bank of India' to open a savings account there. On visiting the bank he learns that there is a type of bank account which is better than savings account. The specialty of this account is that as and when the deposited amount in the account exceeds a certain amount, the amount in excess gets transferred into the fixed deposit. The interest earned on the fixed deposit account is more than that on savings amount. This account serves the purpose of both the savings account and fixed deposit. Garima gets this account opened.
Name and explain the type of bank account discussed in above para. ​

Answer 1

Answer:

is in current account.